---
schema_version: "secwatch.filing_event.v1"
accession: "0000912593-23-000012"
form_type: "8-K"
ticker: "SUI"
cik: "0000912593"
company_name: "SUN COMMUNITIES INC"
filed_at: "2023-01-10T23:59:59+00:00"
generated_at: "2026-06-20T17:23:04.655582+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Sun Communities prices $400M 5.700% senior notes due 2033 at 99.729% of par

## Summary
- $400M 5.700% senior notes due 2033 priced at 99.729% (yield 5.736%).
- Proceeds to repay credit facility borrowings, fund acquisitions, and for working capital.
- Closing expected Jan 17, 2023; notes are unsecured senior obligations guaranteed by SUI.
- Issued 31,289 OP units at $142.108/unit for contributed assets, exchangeable into common stock.
- Initial holder agreed to six-month lock-up on shares issuable upon exchange.

## SEC filing metadata
- accession: 0000912593-23-000012
- form_type: 8-K
- ticker: SUI
- cik: 0000912593
- company_name: SUN COMMUNITIES INC
- filed_at: 2023-01-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/912593/000091259323000012/0000912593-23-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/912593/000091259323000012/sui-20230109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000912593-23-000012
- JSON: https://secwatch.observer/filing/0000912593-23-000012.json
- Plain text: https://secwatch.observer/filing/0000912593-23-000012.txt

## Key facts
- Material Agreements
  SUN COMMUNITIES INC entered into Underwriting Agreement with Citigroup Global Markets Inc., J.P. Morgan Securities LLC and BofA Securities, Inc., as representatives of the several underwriters valued at $400 million (effective 2023-01-09).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Citigroup Global Markets Inc., J.P. Morgan Securities LLC and BofA Securities, Inc., as representatives of the several underwriters
  - Value: $400 million
  - Effective: 2023-01-09
  source text: On January 9, 2023, Sun Communities Operating Limited Partnership (the “Operating Partnership”), and Sun Communities, Inc. (the “Company” and together with the Operating Partnership, the “Obligors”) entered into an underwriting agreement (the “Underwriting Agreement”) with Citigroup Global Markets Inc., J.P. Morgan Securities LLC and BofA Securities, Inc., as representatives of the several underwriters named in Schedule I of the Underwriting Agreement (collectively the “Underwriters”), in connection with the public offering by the Operating Partnership of $400 million in aggregate principal amount of its 5.700% Senior Notes due 2033 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/912593/000091259323000012/0000912593-23-000012-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.